Home Depot Breach Triggers Fraudulent Transactions

A large data breach at Home Depot has triggered fraudulent transactions across financial institutions. WSJ's Andrew Dowell discusses the details with Simon Constable. Photo: Getty

This transcript has been automatically generated and may not be 100% accurate.

... the the home Depot data breach of it just was earlier this month ... will real trouble seems to be starting now banks as saying it tends to use stolen information to train accounts of its fiscal to appear achieve annual ... drew Dallas joins us now to explain ... this was a major data breach from fifty six million ... pounds BN and part of the concert Arizona ran on for five months which gave the Cardinals a lot of ... that pretty big head start before in a month ago I was going on so what we know now that's been happening ... renewed banks are detecting fraudulent transactions on cars they figure are traceable back to home Depot in a note to go shopping on the push of other places too so it's not ... you know an exact science but they do see kind of ... common points ... of purchase their um what what are we you know what we what we learning about was that the company said doing this will be like the fees that companies and a monster thought that the state with the bank's reassuring credit cards and in a warning about fraudulent transactions and looking out for them but you know ... me you the one thing is that it is becoming a lot more sophisticated their song these cards in fact is ... um that have the you know in in in zip Code cetera ... the scientists were you know the purchases were made for the people live ... which makes it a lot harder to spot frauds on transaction for example you know it's in a ... different city from where a person is the maybe they start to ... get a little concerned this is just a fact of life ... it seems to be right in and we've been through basically in every major retailer at least a lot of major retailers the last six months to near ... to disclosing hacks like that it's the deaths of Annino ... crooks that these minutes are buying gift cards to buy groceries and if you're using your debit card it even more of a concern because are pulling cash out of the hotel before taking him back ... okay ... well I guess that stuff until I phone you have to be on the check to statements by Kiran much or on routes out all the Wall Street